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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: proxy vote
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Oct 03, 2013 09:47AM
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Oct 03, 2013 10:49AM
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Oct 03, 2013 11:21AM
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Oct 03, 2013 12:08PM
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Oct 03, 2013 01:11PM
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Oct 03, 2013 01:45PM
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Oct 03, 2013 01:56PM
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Oct 03, 2013 03:54PM
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Oct 03, 2013 05:41PM

I hope someone asks if they plan on revising the BFS at the AGM.

I don't think we're going to get this information anymore from management, or at least not in a timely manner. Now that Teck is the operator, we are kind of left out of the loop in terms of the ongoing decision-making. Elmer has negotiated the release of the drill results--since that is of material importance to us--but we don't know how much information he's going to be getting on all their decisions. They might only share details quarterly when the committee meets. We certainly won't be getting every breathless update.

Regarding the BFS, I think Teck had run their own parallel to ours anyway so when they have new drill results they might have one ready to go. It doesn't seem likely though that they will release it publicly before they decide whether to buy us out. It could remain a Teck only working document basically forever.

IMO, when we find out that the EA is submitted, then I think we'll start some sort of negotiation process with Teck or with their partners. Given how long the JV took to negotiate I would imagine it could take almost as long as the EA will to get approval.

The BC environmental website has recently added a Teck contact as a "proponent" besides Shane Uren. A small indication of progress. The Teck person is Paul Cobban who is listed as the project manager on permitting for both Galore Creek and Quintette. At least we know they are paying attention and getting some work done.

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Oct 03, 2013 09:47PM
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